Elara Securities Begins Coverage of LG Electronics India, Foresees 14% Upside

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Elara Initiates 'Accumulate' on LG Electronics India, Projects 14% Upside

Elara Initiates 'Accumulate' on LG Electronics India, Projects 14% Upside

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CNBC TV18•10-03-2026, 14:26

Elara Initiates 'Accumulate' on LG Electronics India, Projects 14% Upside

•Elara Securities initiates 'Accumulate' rating on LG Electronics India (LGEIL) with a target price of ₹1,750, implying 14% upside.
•LGEIL is the undisputed leader in India's consumer durables market, expecting 14-16% revenue growth over five years, driven by the LG Essential series.
•The company plans a ₹50 billion capex at its Sri City facility over four years, projected to generate ₹200-250 billion in additional revenue.
•Earnings are expected to compound at an 18% CAGR (FY26E-FY28E) due to rising localisation (54% to 63%) and strong parent support.
•Risks include potential slowdown in consumer demand, intensifying competition, and challenges in passing on price increases.

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